DIRECTIVE (EU) 2015/2366 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
of 25 November 2015
on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC
(Text with EEA relevance)
TITLE I
SUBJECT MATTER, SCOPE AND DEFINITIONS
Article 1
Subject matter
Article 2
Scope
Article 3
Exclusions
Article 4
Definitions
TITLE II
PAYMENT SERVICE PROVIDERS
CHAPTER 1
Payment institutions
Section 1
General rules
Article 5
Applications for authorisation
Article 6
Control of the shareholding
Article 7
Initial capital
Article 8
Own funds
Article 9
Calculation of own funds
Article 10
Safeguarding requirements
Article 11
Granting of authorisation
Article 12
Communication of the decision
Article 13
Withdrawal of authorisation
Article 14
Registration in the home Member State
Article 15
EBA register
Article 16
Maintenance of authorisation
Article 17
Accounting and statutory audit
Article 18
Activities
Section 2
Other requirements
Article 19
Use of agents, branches or entities to which activities are outsourced
Article 20
Liability
Article 21
Record-keeping
Section 3
Competent authorities and supervision
Article 22
Designation of competent authorities
Article 23
Supervision
Article 24
Professional secrecy
Article 25
Right to apply to the courts
Article 26
Exchange of information
Article 27
Settlement of disagreements between competent authorities of different Member States
Article 28
Application to exercise the right of establishment and freedom to provide services
Article 29
Supervision of payment institutions exercising the right of establishment and freedom to provide services
Article 30
Measures in case of non-compliance, including precautionary measures
Article 31
Reasons and communication
Section 4
Exemption
Article 32
Conditions
Article 33
Account information service providers
Article 34
Notification and information
CHAPTER 2
Common provisions
Article 35
Access to payment systems
Article 36
Access to accounts maintained with a credit institution
Article 37
Prohibition of persons other than payment service providers from providing payment services and duty of notification
TITLE III
TRANSPARENCY OF CONDITIONS AND INFORMATION REQUIREMENTS FOR PAYMENT SERVICES
CHAPTER 1
General rules
Article 38
Scope
Article 39
Other provisions in Union law
Article 40
Charges for information
Article 41
Burden of proof on information requirements
Article 42
Derogation from information requirements for low-value payment instruments and electronic money
CHAPTER 2
Single payment transactions
Article 43
Scope
Article 44
Prior general information
Article 45
Information and conditions
Article 46
Information for the payer and payee after the initiation of a payment order
Article 47
Information for payer’s account servicing payment service provider in the event of a payment initiation service
Article 48
Information for the payer after receipt of the payment order
Article 49
Information for the payee after execution
CHAPTER 3
Framework contracts
Article 50
Scope
Article 51
Prior general information
Article 52
Information and conditions
Article 53
Accessibility of information and conditions of the framework contract
Article 54
Changes in conditions of the framework contract
Article 55
Termination
Article 56
Information before execution of individual payment transactions
Article 57
Information for the payer on individual payment transactions
Article 58
Information for the payee on individual payment transactions
CHAPTER 4
Common provisions
Article 59
Currency and currency conversion
Article 60
Information on additional charges or reductions
TITLE IV
RIGHTS AND OBLIGATIONS IN RELATION TO THE PROVISION AND USE OF PAYMENT SERVICES
CHAPTER 1
Common provisions
Article 61
Scope
Article 62
Charges applicable
Article 63
Derogation for low value payment instruments and electronic money
CHAPTER 2
Authorisation of payment transactions
Article 64
Consent and withdrawal of consent
Article 65
Confirmation on the availability of funds
Article 66
Rules on access to payment account in the case of payment initiation services
Article 67
Rules on access to and use of payment account information in the case of account information services
Article 68
Limits of the use of the payment instrument and of the access to payment accounts by payment service providers
Article 69
Obligations of the payment service user in relation to payment instruments and personalised security credentials
Article 70
Obligations of the payment service provider in relation to payment instruments
Article 71
Notification and rectification of unauthorised or incorrectly executed payment transactions
Article 72
Evidence on authentication and execution of payment transactions
Article 73
Payment service provider’s liability for unauthorised payment transactions
Article 74
Payer’s liability for unauthorised payment transactions
Article 75
Payment transactions where the transaction amount is not known in advance
Article 76
Refunds for payment transactions initiated by or through a payee
Article 77
Requests for refunds for payment transactions initiated by or through a payee
CHAPTER 3
Execution of payment transactions
Section 1
Payment orders and amounts transferred
Article 78
Receipt of payment orders
Article 79
Refusal of payment orders
Article 80
Irrevocability of a payment order
Article 81
Amounts transferred and amounts received
Section 2
Execution time and value date
Article 82
Scope
Article 83
Payment transactions to a payment account
Article 84
Absence of payee’s payment account with the payment service provider
Article 85
Cash placed on a payment account
Article 86
National payment transactions
Article 87
Value date and availability of funds
Section 3
Liability
Article 88
Incorrect unique identifiers
Article 89
Payment service providers’ liability for non-execution, defective or late execution of payment transactions
Article 90
Liability in the case of payment initiation services for non-execution, defective or late execution of payment transactions
Article 91
Additional financial compensation
Article 92
Right of recourse
Article 93
Abnormal and unforeseeable circumstances
CHAPTER 4
Data protection
Article 94
Data protection
CHAPTER 5
Operational and security risks and authentication
Article 95
Management of operational and security risks
Article 96
Incident reporting
Article 97
Authentication
Article 98
Regulatory technical standards on authentication and communication
CHAPTER 6
ADR procedures for the settlement of disputes
Section 1
Complaint procedures
Article 99
Complaints
Article 100
Competent authorities
Section 2
ADR procedures and penalties
Article 101
Dispute resolution
Article 102
ADR procedures
Article 103
Penalties
TITLE V
DELEGATED ACTS AND REGULATORY TECHNICAL STANDARDS
Article 104
Delegated acts
Article 105
Exercise of the delegation
Article 106
Obligation to inform consumers of their rights
TITLE VI
FINAL PROVISIONS
Article 107
Full harmonisation
Article 108
Review clause
Article 109
Transitional provision
Article 110
Amendments to Directive 2002/65/EC
Article 111
Amendments to Directive 2009/110/EC
Article 112
Amendments to Regulation (EU) No 1093/2010
Article 113
Amendment to Directive 2013/36/EU
Article 114
Repeal
Article 115
Transposition
Article 116
Entry into force
Article 117
Addresses
ANNEX I
PAYMENT SERVICES
(as referred to in point (3) of Article 4)
ANNEX II
This Directive |
Directive 2007/64/EC |
Article 1(1) |
Article 1(1) |
Article 1(2) |
Article 1(2) |
Article 2(1) |
Article 2(1) |
Article 2(2) |
|
Article 2(3) |
|
Article 2(4) |
|
Article 2(5) |
Article 2(3) |
Article 3 |
Article 3 |
Article 4: |
Article 4: |
points (1), (2), (3), (4), (5) and (10) |
points 1, 2, 3, 4, 5 and 10 |
point (7) |
point 6 |
point (8) |
point 7 |
point (9) |
point 8 |
point (11) |
point 9 |
point (12) |
point 14 |
point (13) |
point 16 |
point (14) |
point 23 |
points (20), (21), (22) |
points 11, 12, 13 |
point (23) |
point 28 |
point (25) |
point 15 |
points (26), (27) |
points 17, 18 |
point (28) |
point 20 |
point (29) |
point 19 |
point (33) |
point 21 |
points (34), (35), (36), (37) |
points 24, 25, 26, 27 |
point (38) |
point 22 |
points (39), (40) |
points 29, 30 |
points (6), (15)-(19), (24), (30)-(32), (41)-(48) |
— |
Article 5(1) |
Article 5 |
Article 5(2) |
— |
Article 5(3) |
— |
Article 5(4) |
— |
Article 5(5) |
— |
Article 5(6) |
— |
Article 5(7) |
— |
Article 6(1) |
— |
Article 6(2) |
— |
Article 6(3) |
— |
Article 6(4) |
— |
Article 7 |
Article 6 |
Article 8(1) |
Article 7(1) |
Article 8(2) |
Article 7(2) |
Article 8(3) |
Article 7(3) |
Article 9(1) |
Article 8(1) |
Article 9(2) |
Article 8(2) |
Article 9(3) |
Article 8(3) |
Article 10(1) |
Article 9(1) |
Article 10(2) |
Article 9(2) |
— |
Article 9(3) and (4) |
Article 11(1) |
Article 10(1) |
Article 11(2) |
Article 10(2) |
Article 11(3) |
Article 10(3) |
Article 11(4) |
Article 10(4) |
Article 11(5) |
Article 10(5) |
Article 11(6) |
Article 10(6) |
Article 11(7) |
Article 10(7) |
Article 11(8) |
Article 10(8) |
Article 11(9) |
Article 10(9) |
Article 12 |
Article 11 |
Article 13(1) |
Article 12(1) |
Article 13(2) |
Article 12(2) |
Article 13(3) |
Article 12(3) |
Article 14(1) |
Article 13 |
Article 14(2) |
Article 13 |
Article 14(3) |
— |
Article 14(4) |
— |
Article 15(1) |
— |
Article 15(2) |
— |
Article 15(3) |
— |
Article 15(4) |
— |
Article 15(5) |
— |
Article 16 |
Article 14 |
Article 17(1) |
Article 15(1) |
Article 17(2) |
Article 15(2) |
Article 17(3) |
Article 15(3) |
Article 17(4) |
Article 15(4) |
Article 18(1) |
Article 16(1) |
Article 18(2) |
Article 16(2) |
Article 18(3) |
Article 16(2) |
Article 18(4) |
Article 16(3) |
Article 18(5) |
Article 16(4) |
Article 18(6) |
Article 16(5) |
Article 19(1) |
Article 17(1) |
Article 19(2) |
Article 17(2) |
Article 19(3) |
Article 17(3) |
Article 19(4) |
Article 17(4) |
Article 19(5) |
Article 17(5) |
Article 19(6) |
Article 17(7) |
Article 19(7) |
Article 17(8) |
Article 19(8) |
— |
Article 20(1) |
Article 18(1) |
Article 20(2) |
Article 18(2) |
Article 21 |
Article 19 |
Article 22(1) |
Article 20(1) |
Article 22(2) |
Article 20(2) |
Article 22(3) |
Article 20(3) |
Article 22(4) |
Article 20(4) |
Article 22(5) |
Article 20(5) |
Article 23(1) |
Article 21(1) |
Article 23(2) |
Article 21(2) |
Article 23(3) |
Article 21(3) |
Article 24(1) |
Article 22(1) |
Article 24(2) |
Article 22(2) |
Article 24(3) |
Article 22(3) |
Article 25(1) |
Article 23(1) |
Article 25(2) |
Article 23(2) |
Article 26(1) |
Article 24(1) |
Article 26(2) |
Article 24(2) |
Article 27(1) |
— |
Article 27(2) |
— |
Article 28(1) |
Article 25(1) |
Article 28(2) |
— |
Article 28(3) |
— |
Article 28(4) |
— |
Article 28(5) |
— |
Article 29(1) |
Article 25(2) and (3) |
Article 29(2) |
— |
Article 29(3) |
Article 25(4) |
Article 29(4) |
— |
Article 29(5) |
— |
Article 29(6) |
— |
Article 30(1) |
— |
Article 30(2) |
— |
Article 30(3) |
— |
Article 30(4) |
— |
Article 31(1) |
— |
Article 31(2) |
Article 25(4) |
Article 32(1) |
Article 26(1) |
Article 32(2) |
Article 26(2) |
Article 32(3) |
Article 26(3) |
Article 32(4) |
Article 26(4) |
Article 32(5) |
Article 26(5) |
Article 32(6) |
Article 26(6) |
Article 33(1) |
— |
Article 33(2) |
— |
Article 34 |
Article 27 |
Article 35(1) |
Article 28(1) |
Article 35(2) |
Article 28(2) |
Article 36 |
— |
Article 37(1) |
Article 29 |
Article 37(2) |
— |
Article 37(3) |
— |
Article 37(4) |
— |
Article 37(5) |
— |
Article 38(1) |
Article 30(1) |
Article 38(2) |
Article 30(2) |
Article 38(3) |
Article 30(3) |
Article 39 |
Article 31 |
Article 40(1) |
Article 32(1) |
Article 40(2) |
Article 32(2) |
Article 40(3) |
Article 32(3) |
Article 41 |
Article 33 |
Article 42(1) |
Article 34(1) |
Article 42(2) |
Article 34(2) |
Article 43(1) |
Article 35(1) |
Article 43(2) |
Article 35(2) |
Article 44(1) |
Article 36(1) |
Article 44(2) |
Article 36(2) |
Article 44(3) |
Article 36(3) |
Article 45(1) |
Article 37(1) |
Article 45(2) |
— |
Article 45(3) |
Article 37(2) |
Article 46 |
— |
Article 47 |
— |
Article 48 |
Article 38 |
Article 49 |
Article 39 |
Article 50 |
Article 40 |
Article 51(1) |
Article 41(1) |
Article 51(2) |
Article 41(2) |
Article 51(3) |
Article 41(3) |
Article 52, point (1) |
Article 42(1) |
Article 52, point (2) |
Article 42(2) |
Article 52, point (3) |
Article 42(3) |
Article 52, point (4) |
Article 42(4) |
Article 52, point (5) |
Article 42(5) |
Article 52, point (6) |
Article 42(6) |
Article 52, point (7) |
Article 42(7) |
Article 53 |
Article 43 |
Article 54(1) |
Article 44(1) |
Article 54(2) |
Article 44(2) |
Article 54(3) |
Article 44(3) |
Article 55(1) |
Article 45(1) |
Article 55(2) |
Article 45(2) |
Article 55(3) |
Article 45(3) |
Article 55(4) |
Article 45(4) |
Article 55(5) |
Article 45(5) |
Article 55(6) |
Article 45(6) |
Article 56 |
Article 46 |
Article 57(1) |
Article 47(1) |
Article 57(2) |
Article 47(2) |
Article 57(3) |
Article 47(3) |
Article 58(1) |
Article 48(1) |
Article 58(2) |
Article 48(2) |
Article 58(3) |
Article 48(3) |
Article 59(1) |
Article 49(1) |
Article 59(2) |
Article 49(2) |
Article 60(1) |
Article 50(1) |
Article 60(2) |
Article 50(2) |
Article 60(3) |
— |
Article 61(1) |
Article 51(1) |
Article 61(2) |
Article 51(2) |
Article 61(3) |
Article 51(3) |
Article 61(4) |
Article 51(4) |
Article 62(1) |
Article 52(1) |
Article 62(2) |
Article 52(2) |
Article 62(3) |
Article 52(3) |
Article 62(4) |
— |
Article 62(5) |
— |
Article 63(1) |
Article 53(1) |
Article 63(2) |
Article 53(2) |
Article 63(3) |
Article 53(3) |
Article 64(1) |
Article 54(1) |
Article 64(2) |
Article 54(2) |
Article 64(3) |
Article 54(3) |
Article 64(4) |
Article 54(4) |
Article 65(1) |
— |
Article 65(2) |
— |
Article 65(3) |
— |
Article 65(4) |
— |
Article 65(5) |
— |
Article 65(6) |
— |
Article 66(1) |
— |
Article 66(2) |
— |
Article 66(3) |
— |
Article 66(4) |
— |
Article 66(5) |
— |
Article 67(1) |
— |
Article 67(2) |
— |
Article 67(3) |
— |
Article 67(4) |
— |
Article 68(1) |
Article 55(1) |
Article 68(2) |
Article 55(2) |
Article 68(3) |
Article 55(3) |
Article 68(4) |
Article 55(4) |
Article 69(1) |
Article 56(1) |
Article 69(2) |
Article 56(2) |
Article 70(1) |
Article 57(1) |
Article 70(2) |
Article 57(2) |
Article 71(1) |
Article 58 |
Article 71(2) |
— |
Article 72(1) |
Article 59(1) |
Article 72(2) |
Article 59(2) |
Article 73(1) |
Article 60(1) |
Article 73(2) |
— |
Article 73(3) |
Article 60(2) |
Article 74(1) |
Article 61(1), 61(2) and 61(3) |
Article 74(2) |
— |
Article 74(3) |
Article 61(4) and (5) |
Article 75(1) |
— |
Article 75(2) |
— |
Article 76(1) |
Article 62(1) |
Article 76(2) |
Article 62(2) |
Article 76(3) |
Article 62(3) |
Article 76(4) |
— |
Article 77(1) |
Article 63(1) |
Article 77(2) |
Article 63(2) |
Article 78(1) |
Article 64(1) |
Article 78(2) |
Article 64(2) |
Article 79(1) |
Article 65(1) |
Article 79(2) |
Article 65(2) |
Article 79(3) |
Article 65(3) |
Article 80(1) |
Article 66(1) |
Article 80(2) |
Article 66(2) |
Article 80(3) |
Article 66(3) |
Article 80(4) |
Article 66(4) |
Article 80(5) |
Article 66(5) |
Article 81(1) |
Article 67(1) |
Article 81(2) |
Article 67(2) |
Article 81(3) |
Article 67(3) |
Article 82(1) |
Article 68(1) |
Article 82(2) |
Article 68(2) |
Article 83(1) |
Article 69(1) |
Article 83(2) |
Article 69(2) |
Article 83(3) |
Article 69(3) |
Article 84 |
Article 70 |
Article 85 |
Article 71 |
Article 86 |
Article 72 |
Article 87(1) |
Article 73(1) |
Article 87(2) |
Article 73(1) |
Article 87(3) |
Article 73(2) |
Article 88(1) |
Article 74(1) |
Article 88(2) |
Article 74(2) |
Article 88(3) |
Article 74(2) |
Article 88(4) |
Article 74(2) |
Article 88(5) |
Article 74(3) |
Article 89(1) |
Article 75(1) |
Article 89(2) |
Article 75(2) |
Article 89(3) |
Article 75(3) |
Article 90(1) |
— |
Article 90(2) |
— |
Article 91 |
Article 76 |
Article 92(1) |
Article 77(1) |
Article 92(2) |
Article 77(2) |
Article 93 |
Article 78 |
Article 94(1) |
Article 79(1) |
Article 94(2) |
— |
Article 95(1) |
— |
Article 95(2) |
— |
Article 95(3) |
— |
Article 95(4) |
— |
Article 95(5) |
— |
Article 96(1) |
— |
Article 96(2) |
— |
Article 96(3) |
— |
Article 96(4) |
— |
Article 96(5) |
— |
Article 96(6) |
— |
Article 97(1) |
— |
Article 97(2) |
— |
Article 97(3) |
— |
Article 97(4) |
— |
Article 97(5) |
— |
Article 98(1) |
— |
Article 98(2) |
— |
Article 98(3) |
— |
Article 98(4) |
— |
Article 98(5) |
— |
Article 99(1) |
Article 80(1) |
Article 99(2) |
Article 80(2) |
Article 100(1) |
— |
Article 100(2) |
— |
Article 100(3) |
— |
Article 100(4) |
Article 82(2) |
Article 100(5) |
— |
Article 100(6) |
— |
Article 101(1) |
— |
Article 101(2) |
— |
Article 101(3) |
— |
Article 101(4) |
— |
Article 102(1) |
Article 83(1) |
Article 102(2) |
Article 83(2) |
Article 103(1) |
Article 81(1) |
Article 103(2) |
— |
Article 104 |
— |
Article 105(1) |
— |
Article 105(2) |
— |
Article 105(3) |
— |
Article 105(4) |
— |
Article 105(5) |
— |
Article 106(1) |
— |
Article 106(2) |
— |
Article 106(3) |
— |
Article 106(4) |
— |
Article 106(5) |
— |
Article 107(1) |
Article 86(1) |
Article 107(2) |
Article 86(2) |
Article 107(3) |
Article 86(3) |
Article 108 |
Article 87 |
Article 109(1) |
Article 88(1) |
Article 109(2) |
Article 88(3) |
Article 109(3) |
Article 88(2) and (4) |
Article 109(4) |
— |
Article 109(5) |
— |
Article 110 |
Article 90 |
Article 111, point (1) |
— |
Article 111, point (2) |
— |
Article 112, point (1) |
— |
Article 112, point (2) |
— |
Article 113 |
Article 92 |
Article 114 |
Article 93 |
Article 115(1) |
Article 94(1) |
Article 115(2) |
Article 94(2) |
Article 115(3) |
— |
Article 115(4) |
— |
Article 115(5) |
— |
Article 116 |
Article 95 |
Article 117 |
Article 96 |
Annex I |
Annex |